Volvo Cars global sales up by 43 per cent in May
Volvo Cars achieved its eleventh consecutive month of sales growth as the company’s global sales increased by 43 per cent in May, compared with the same month last year.
The growth was mainly driven by a strong demand in the US and, in Europe, a recovery from a sales drop in May last year related to the Covid-19 pandemic. In China, where sales returned to growth around this time last year, the company reported a steady increase of 11.7 per cent.
Volvo Car Group in 2020
For the 2020 financial year, Volvo Car Group recorded an operating profit of 8.5 BSEK (14.3 BSEK in 2019). For the full year of 2020, global sales reached 661,713 cars (705,452), a decline of 6.2 per cent compared to 2019.
About Volvo Car Group
Volvo Cars was founded in 1927. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.
Jun 03, 2021 at 23:12